Financial Performance Forecast - The company expects a net profit attributable to shareholders for 2024 to be between 174 million and 214 million RMB, representing an increase of 33.12% to 63.73% compared to the previous year's net profit of 130.68 million RMB [3]. - The estimated net profit after deducting non-recurring gains and losses for 2024 is projected to be between 154.6 million and 194.6 million RMB, an increase of 12.91% to 42.12% from the previous year's figure of 136.93 million RMB [4]. - The total profit for the previous year was 148.02 million RMB, with a net profit attributable to shareholders of 130.68 million RMB [5]. - The company achieved earnings per share of 0.92 RMB in the previous year [6]. - The performance forecast is based on preliminary estimates by the company's finance department and has not been audited by a registered accountant [8]. - The forecast data is preliminary and the final audited financial data will be disclosed in the official 2024 annual report [9]. - The performance forecast period is from January 1, 2024, to December 31, 2024 [4]. Factors Influencing Profit Increase - The primary reason for the profit increase is the company's efforts to maintain existing customers while actively expanding market share and optimizing product structure [7]. - There are no significant uncertainties affecting the accuracy of the performance forecast [8]. - The company has communicated with the accounting firm regarding the performance forecast, and there are no major discrepancies [4].

浙江大自然户外用品股份有限公司 2025年第一次临时股东大会会议须知 各位股东及股东代理人： 浙江大自然户外用品股份有限公司 2025 年第一次临时股东大会会议资料 证券代码：605080 证券简称：浙江自然 浙江大自然户外用品股份有限公司 2025 年第一次临时股东大会 会议资料 2025 年 2 月 | 2025 年第一次临时股东大会会议须知 | 3 | | --- | --- | | 2025 年第一次临时股东大会会议议程 | 5 | | 2025 年第一次临时股东大会会议议案 | 7 | | 《关于<浙江自然 2024 年限制性股票激励计划（草案）及其摘要>的议案》 | 7 | | 《关于<浙江自然 2024 年限制性股票激励计划实施考核管理办法>的议案》 | 8 | | 《关于提请股东大会授权董事会办理公司 2024 年限制性股票激励计划相关事宜的议案》 | | | 9 | | 浙江大自然户外用品股份有限公司 2025 年第一次临时股东大会会议资料 为维护广大投资者的合法权益，保障股东在本次股东大会期间依法行使权利， 根据《公司法》、中国证监会《上市公司股东大会规则》和公司《股东大会议事规 则》等有 ...

Investment Rating - The report assigns a "Buy" rating for Zhejiang Natural (605080) based on optimistic growth prospects and effective overseas expansion strategies [1]. Core Views - The company has set ambitious revenue and net profit targets for 2025-2026, aiming for at least 1.389 billion and 2 billion CNY in revenue, and 275 million and 374 million CNY in net profit respectively [1]. - The recovery in the inflatable mattress industry, along with the expansion into new major clients, is expected to accelerate growth [1]. - The overseas production bases in Vietnam, Cambodia, and Morocco are entering a harvest phase, with expectations of improved profitability in the coming years [2]. Summary by Sections Revenue and Profit Targets - The company has established a revenue target of no less than 1.389 billion CNY for 2025 and 2 billion CNY for 2026, with net profit targets of at least 275 million CNY and 374 million CNY respectively [1]. Overseas Expansion - The overseas bases are primarily in Vietnam (focusing on water products), Cambodia (focusing on bags), and Morocco, all of which are expected to enhance the company's global supply chain share amid trade tensions [2]. - The Vietnam base is projected to break even in 2025, while the Cambodia base has already achieved profitability [2]. Product Performance - The inflatable mattress segment is showing signs of recovery, with exports valued at 1.47 billion CNY in 2022, 1.4 billion CNY in 2023, and an expected 1.52 billion CNY in 2024, reflecting a year-on-year growth of 16% [2]. - The company anticipates a significant acceleration in growth due to market demand recovery and increased penetration of TPU over PVC [2]. Financial Forecast - The company is expected to achieve net profits of 1.93 billion CNY, 2.76 billion CNY, and 3.83 billion CNY for the years 2024, 2025, and 2026 respectively, with corresponding P/E ratios of 22.1X, 15.5X, and 11.2X [3].

证券代码：605080 证券简称：浙江自然 公告编号：2025-001 浙江大自然户外用品股份有限公司 股票交易异常波动公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司股票在2024年12月31日、2025年1月2日连续两个交易日内日收盘价格涨幅偏离 值累计超过20%，根据《上海证券交易所交易规则》的有关规定，属于股票价格异常波 动情形。 二、公司关注并核实的相关情况 （一）生产经营情况 经公司自查，公司目前生产经营活动一切正常，外部环境没有发生重大变化。 （二）重大事项情况 1、股权激励事宜 ● 浙江大自然户外用品股份有限公司（以下简称"公司"）股票于2024年12月 31日、2025年1月2日连续两个交易日内收盘价格涨幅偏离值累计超过20%，根据《上 海证券交易所交易规则》的有关规定，属于股票交易异常波动情形。 ● 经公司自查并向控股股东及实际控制人核实，截至本公告披露日，公司控股 股东及实际控制人均不存在应披露而未披露的重大事项。 ● 公司敬请广大投资者注意二级市场交易风险，理性决策，审慎投资。 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for its stock performance in the near term [3][10]. Core Insights - The company has announced a stock incentive plan aimed at middle management and key personnel, reflecting confidence in its growth prospects for the next two years. The plan includes granting 1.2846 million restricted shares at a price of 10.62 CNY per share, which is about 0.91% of the total share capital [10]. - The company is expected to achieve significant revenue and net profit growth, with targets set for 2025 and 2026. The revenue targets are set at no less than 1.389 billion CNY and 2 billion CNY, respectively, with corresponding growth rates of at least 40% and 44% [10]. - The outdoor sports supply chain industry is experiencing rapid growth, with the company positioned to benefit from the increasing penetration of TPU products over PVC. The company has a leading advantage in manufacturing outdoor products using TPU materials [10]. Financial Summary - The company's projected revenue for 2025 is 1.391 billion CNY, with a growth rate of 40%. By 2026, revenue is expected to reach 1.967 billion CNY, with a growth rate of 41% [7]. - The net profit for 2025 is forecasted to be 275 million CNY, with a growth rate of 46%, and for 2026, it is expected to be 378 million CNY, with a growth rate of 37% [7]. - The diluted earnings per share are projected to be 1.95 CNY for 2025 and 2.67 CNY for 2026, with corresponding price-to-earnings ratios of 12.08 and 8.80 [7].

Investment Rating - The report maintains a "Buy" rating with a target price indicating a potential upside of 10%-20% over the next six months [10][16]. Core Insights - The company has launched a stock incentive plan aimed at enhancing employee motivation, with performance targets set for revenue and net profit for 2025 and 2026 [3][4]. - The company is focusing on the outdoor sports goods sector, leveraging its core technologies to expand into various product categories [1][9]. - The company has established strong partnerships with over 200 global brands, covering a wide range of customer types, including outdoor sports brands and large supermarkets [4][8]. Financial Projections - The adjusted profit forecast for the years 2024 to 2026 indicates expected net profits of 183.5 million, 271.6 million, and 369.4 million respectively, with corresponding EPS of 1.3, 1.92, and 2.61 [9][18]. - Revenue is projected to grow significantly, with a forecast of 1.34 billion in 2025 and 1.87 billion in 2026, reflecting growth rates of 36% and 39% respectively [18][22]. Business Strategy - The company is enhancing its vertical integration in the supply chain, which provides cost advantages and improves quality and delivery times [2][8]. - The company is expanding its customer channels and product lines, particularly in the automotive camping lifestyle market, by collaborating with well-known domestic car manufacturers [9].

Investment Rating - The report maintains a "Buy" rating for the company, with a target price of 30.61 CNY per share based on a 16x PE valuation for 2025 [11]. Core Views - The company has announced a restrictive stock incentive plan for 2024, indicating strong confidence in its performance over the next two years. The plan includes granting 1.2846 million shares at a price of 10.62 CNY per share, with performance targets set for net profit and revenue [2]. - The company expects significant earnings growth, with projected EPS of 1.28 CNY, 1.91 CNY, and 2.51 CNY for 2024, 2025, and 2026 respectively [2]. - The company’s core business strategy remains focused on three main areas: insulated boxes, water sports products, and inflatable mattresses, with anticipated growth from overseas production facilities [10]. Financial Summary - Revenue is projected to grow from 823 million CNY in 2023 to 1.833 billion CNY by 2026, reflecting a compound annual growth rate (CAGR) of approximately 35.5% [14]. - Net profit is expected to increase from 131 million CNY in 2023 to 355 million CNY in 2026, with a notable growth rate of 31.2% in 2026 [14]. - The company’s EBITDA is forecasted to rise from 186 million CNY in 2023 to 476 million CNY in 2026, indicating improving operational efficiency [14].

证券代码：605080 证券简称：浙江自然 公告编号：2024-051 浙江大自然户外用品股份有限公司 第三届董事会第四次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、董事会会议召开情况 浙江大自然户外用品股份有限公司（以下简称"公司"）第三届董事会第四 次会议于 2024 年 12 月 27 日在公司会议室以现场结合通讯表决方式召开。本次 会议通知于 2024 年 12 月 20 日以电子邮件等方式发出。本次会议应出席董事 8 人，实际出席董事 8 人。会议由公司董事长夏永辉先生主持，公司监事、高管列 席会议。本次会议的召开符合《公司法》和《公司章程》的规定。 二、董事会会议审议情况 （一）审议通过《关于部分募投项目延期的议案》 表决结果：8 票赞成、0 票反对、0 票弃权。 保荐机构东方证券股份有限公司对本事项无异议，并出具了专项核查意见。 具体内容详见公司同日在上海证券交易所网站（www.sse.com.cn）披露的相 关公告。 （二）审议通过《关于制订<舆情管理制度>的议案》 具体内容详见公司同日在 ...

2025 年第一次临时股东大会 证券代码：605080 证券简称：浙江自然 公告编号：2024-054 浙江大自然户外用品股份有限公司 关于召开 2025 年第一次临时股东大会的通知 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、 召开会议的基本情况 (一) 股东大会类型和届次 (六) 融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者 的投票，应按照《上海证券交易所上市公司自律监管指引第 1 号 — 规范运 作》等有关规定执行。 (七) 涉及公开征集股东投票权 召开的日期时间：2025 年 2 月 20 日 14 点 00 分 召开地点：浙江大自然户外用品股份有限公司会议室（浙江省台州市天台县 平桥镇下曹村） 股东大会召开日期：2025年2月20日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 ( ...

证券代码：605080 证券简称：浙江自然 浙江大自然户外用品股份有限公司 2024 年限制性股票激励计划 （草案） 浙江大自然户外用品股份有限公司 二〇二四年十二月 浙江大自然户外用品股份有限公司 2024 年限制性股票激励计划（草案） 声 明 本公司及全体董事、监事保证本激励计划及其摘要不存在虚假记载、误导 性陈述或重大遗漏，并对其真实性、准确性、完整性依法承担法律责任。 本公司所有激励对象承诺，公司因信息披露文件中有虚假记载、误导性陈 述或者重大遗漏，导致不符合授予权益或权益解除限售/归属安排的，激励对象 应当自相关信息披露文件被确认存在虚假记载、误导性陈述或者重大遗漏后， 将由本激励计划所获得的全部利益返还公司。 在本激励计划草案公告当日至激励对象完成限制性股票登记期间，若公司 发生资本公积转增股本、派发股票红利、股票拆细或缩股、配股等事宜，限制 性股票的授予数量将根据本激励计划相关规定予以相应的调整。 四、本激励计划拟首次授予的激励对象总人数为 61 人，包括公司公告本激 励计划时在公司（含子公司，下同）内任职的中层管理人员及核心骨干，不包 括独立董事、监事，单独或合计持股 5%以上股份的股东或实际 ...